Introduction
When it comes to cryptocurrency exchanges, Revolut stands out as a versatile platform offering a blend of traditional banking and crypto trading services. This guide dives deep into Revolut’s offerings, comparing its features, fees, and performance against competitors like Kraken, Coinbase, and Binance. Whether you're a beginner or an experienced trader, this review equips you with insights to make informed decisions.
Revolut Exchange Overview
Revolut is a UK-based fintech platform that expanded into cryptocurrency trading, enabling users to buy, sell, and hold popular cryptocurrencies alongside fiat currencies. Unlike dedicated crypto exchanges, Revolut integrates crypto into its broader financial ecosystem, appealing to users seeking convenience.
Key Features:
- Multi-Currency Support: Trade cryptocurrencies alongside 25+ fiat currencies.
- User-Friendly Interface: Ideal for beginners with a simplified trading experience.
- Built-In Wallet: Securely store crypto within the Revolut app.
- Recurring Buys: Schedule automatic cryptocurrency purchases.
👉 Explore Revolut’s crypto features
Comparative Analysis: Revolut vs. Top Crypto Exchanges
We’ve evaluated Revolut against leading platforms based on ratings, fees, and supported cryptocurrencies.
| Exchange | Based In | Crypto Offerings | Rating (out of 5) |
|-----------------|----------------|------------------|-------------------|
| Revolut | UK | 30+ | 3.8 |
| Kraken | United States | 76 | 4.0 |
| Coinbase | United States | 67 | 3.5 |
| Binance | China | 79 | 3.4 |
| Bit2Me | Spain | 81 | 4.4 |
Strengths of Revolut:
- Low Barrier to Entry: No separate crypto exchange account needed.
- Integrated Banking: Seamlessly switch between crypto and fiat.
Limitations:
- Higher Fees: Compared to dedicated crypto exchanges.
- Limited Advanced Tools: Lacks derivatives or staking options.
Fee Structure
Revolut’s fees vary based on subscription tiers (Standard, Premium, Metal):
- Standard Users: Pay 1.49%–2.49% per crypto transaction.
- Premium/Metal Users: Reduced fees (0.99%–1.49%).
👉 Compare fees across exchanges
FAQs
Q: Is Revolut safe for cryptocurrency trading?
A: Yes, Revolut uses robust encryption and complies with financial regulations, though it doesn’t offer private keys.
Q: Can I withdraw crypto from Revolut to external wallets?
A: No—Revolut currently restricts external transfers, requiring trades to remain on-platform.
Q: How does Revolut compare to Coinbase?
A: Coinbase offers more cryptocurrencies and advanced features, but Revolut excels in integrated financial services.
Conclusion
Revolut is a strong option for casual investors prioritizing simplicity and multi-currency functionality. However, active traders may prefer specialized exchanges like Kraken or Bit2Me for lower fees and advanced tools.